Jump to content

Newbie to oil and sources of information needed


RAPTORFX

Recommended Posts

Hi,

I am one of the unfortunate to go long on oil in the middle of the OPEC+ row and the start of the COVID pandemic. Needles to say I paid some university fees and, to honest, still paying those fees.

It has become better. Looking at some candle patterns I managed to trade myself out of most of my loses. However. Last week I took my biggest knock. I was long for a period of time with about 6x0.25 contract at various entry levels. The market turned. I saw some good trend reversal patterns just fly buy. Nothing stopped the trend. Its clear that patterns work but at this moment, sentiment seems to drive. And I have to say, the sentiment is mostly nonsensical. Up trend on possibility of vaccine then a reversal because it didnt work out but when the pandemic seems to come back the price still rises. Man, loony bin seems to be in the near future.

I like a challenge which is exactly why I haven't nursed my wounds and left this behind:-)

Digging I have found very little sources of information to supplement my technical analysis. I was wondering if there is anyone out there that could help me with some places where i can get key metrics that are as current as possible. I am using ForexFactory for the basics like housing stats etc and also looking at the EIA at their belated news on stocks etc. Good for Brent not so much for Crude. What i am looking for is a good feed (like a Twitter handle), a good source of data for purchases (man i wish there is something like Forex purchases where you can see up to date purchases) and also stockpile data for countries around the world as current as possible.

Please can you help?

Thanks

Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
      13,655
    • Total Posts
      68,263
    • Total Members
      57,140
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    poddsound
    Joined 17/01/21 19:20
  • Posts

    • I'll try to be concise: Dent was in 2010 calling for the mother of all stock market crashes - so were Elliott Wave International in fact EWI have been call for a massive collapse since 1986!  Some of what he says is accurate - deflation for example - the reason QE has not caused inflation is because it was issued in a deflationary cycle The crash he talks about won't happen - I listened to dent and EWI back in 2010 and I choose to do my own research as other things i was investigating suggested the opposite to what they were both spouting Read my Time Cycles page, it explains the deflationary/inflationary cycles - proven with 220+ years of stock market history behind the reasoning The deflationary cycle he refers to ended late 2016, its now inflationary according to my calcs and research and my prediction is stock market is going upwards until the mid 2030's when it will crash and top out - yet Dent still thinks its in play Up until then we might get a 1987 style crash event but overall the corrections will be modest not massive and they will all be quickly surpassed I don't listen to anyone out there - I trade independently according to my methods so I don't need to be buying and holding and if I'm wrong so be it - it won't affect my trading as the market dictates my positions, not my expectations - since 2010 this has work exceptionally well, where if I'd of followed EWI and Dents forecasts I'd of lost everything in 2010! I've no thoughts on Gold other than it is inflationary hedge - as mentioned on another thread when the stock market is inflationary (which I think started 2017) then price correlation backwards to last time it was inflationary (1982-2000) gold was subdued    
    • Thanks @Caseynotes. Do you think the time of the daily close bears any significance. When viewing the hourly charts, the volume and movements seem to be higher in GMT "working hours" and then slow down overnight. Therefore, are other countries trading on GMT I wonder?
    • Saw a snippet on Sky news complaining that the Lateral Flow test must be faulty because it wasn't picking up as many positives as the PCR. Quite an unbelievable misinterpretation of the data on the number of false positives made by the PCR. Not surprising really as the fake positive numbers generated by the PCR are the only thing driving project fear and lockdowns. Meanwhile, in order to stem the flow of staff needing to self isolate following a PCR false positive the NHS are switching to ...  er, the lateral flow test.         Dr Clare Craig  @ClareCraigPath Deaths are not climbing commensurate with cases. Either COVID got less deadly (despite inc hospital admissions) or we have two measure a) a community positive rate off the charts with false positives b) a hospital rate (likely to inc some real COVID) which is at a steady state     .
×
×
  • Create New...